The move would be part of a restructuring plan by the Japanese firm which is struggling with a global recall of potentially faulty airbag inflators, the report said.

Takata could also sell some non-core businesses as part of a plan to raise money to pay for the cost of recalling about 50 million vehicles due to exploding air bags, which has caused at least 10 deaths so far, it said.

A Takata spokeswoman declined to comment on the report, which pushed shares in the company to a one-week high on Thursday.

Investigators are trying to identify the root cause of the defective air bags. If Takata, which has been criticised for the way it has handled the recalls, is found to be liable for the defect, it could leave the company with a recall bill already estimated at more than US$3 billion.